Foreign
Ultra Large Containership MSC Loreto Joins MSC’s Fleet
The MSC LORETO, one of the largest containerships in the world with a loading capacity of 24,346 TEU, has been...
Chinese Shipmanager Seacon Prepares to Expand Overseas
China’s Seacon Shipping has embarked on a fleet modernization program by ordering two multi-purpose vessels at a total cost of...
BIMCO: Second-Hand Crude Tankers Reach Highest Values In 25 Years
“Second-hand crude tanker values for five-year-old ships hit bottom levels in late 2020 and have since increased by an average...
European Ports Call Evasion of EU ETS a “Serious Concern”
The European Sea Ports Organisation (ESPO) is once again calling for the EU to take action to prevent and penalize...
Hapag-Lloyd Wraps Up Acquisition Of Indian Terminal Operator
German liner company Hapag-Lloyd has completed its acquisition of 40% shareholding in J M Baxi Ports & Logistics Limited (JMBPL)...
BIMCO: Changes Ahead as Containership Orders Reach Record High
The current slowing in the global container markets has done little to slow carriers’ appetite for new capacity. BIMCO in...
Container Owner Triton to Go Private in $4.7 Billion Buyout
Brookfield Infrastructure Partners LP agreed to buy Triton International Ltd., the world’s largest owner of intermodal shipping containers, for $4.7...
Germany to Review China Stake in Hamburg Port Terminal
Germany is reviewing its decision to allow China’s Cosco to take a stake in one of logistics company HHLA’s three...
Shipping Rates Show Signs Of Recovery Ahead Of Trans-Pacific Contract Renewal
International shipping freight rates, which had fallen below break-even levels, have recently shown signs of recovery although they remain at...
Evergreen Boss Says Market Too Pessimistic, Demand Will Bounce Back
Evergreen president; Eric Hsieh has reported that the carrier’s profits last year of $12bn were 40% higher than the previous...
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